Wildhorse Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the following. An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $728,000 for product JB50 and $468,000 for product JB60, and administrative expenses of $702,000 for product JB50 and $442,000 for product JB60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. Prepare the sales budget for the year. Prenare the nrndurtinn hudpet fnr the vear (c) Prepare the direct materials budget for the year. Bejinning Dlrect Meteriala [Pounda] Bspinning Firlshad Goods Units Doalrad Ending Firishad Gooda Urits Tatal Fagulrad DInsct Leber Haure Doilrad Ending Diract Metarlale [Pounda] Dirnct Labor Time par Unit Tetal Coat of Direct Matarlala Purcheasa Dract Meterlalt perUn/t Total Matafiala Fiegulred Total Fugulrad Units Drwet laber Cost par Haur Eqpatad Unit Salsa Dlrect Metarlale Purcheass Unite te lex Preduesd Tetal Pounda Nesdad for Production Total Diract Liber Coat Cost perp pound 5 $ eTextbook and Media (d) Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, eg. 52.5.) WILDHORSE INC. Budgeted Income Statement Salse Operatlre Exparsea Gost of Goods Sald Beinninelmwentary Endirelmventary Total Opariting Eogennas lnadme Tox Exparas Initerast Exporas purcheares Esllire Exparaca Incame bufore lroems Taxea Admlnlitrathe Exparase lneame fram Qieratlora Nat lnacme f (locai] Graas Profit 5 Total 5